Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down on Disappointing Earnings

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price gapped down prior to trading on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $9.52, but opened at $9.00. Deutsche Lufthansa shares last traded at $8.78, with a volume of 211,386 shares trading hands.

The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $11.52 billion during the quarter, compared to the consensus estimate of $11.38 billion. Deutsche Lufthansa had a net margin of 3.63% and a return on equity of 13.47%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DLAKY. JPMorgan Chase & Co. raised Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Kepler Capital Markets upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Zacks Research lowered Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th. Finally, Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Deutsche Lufthansa Stock Down 3.7%

The firm’s 50-day moving average price is $10.32 and its 200 day moving average price is $9.47. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.64 and a beta of 0.83.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.